Newmark Knight Frank (NKF) is pleased to announce that it has successfully advised and represented Leslie’s Poolmart, Inc. in renewing its 125,000-square-foot, long-term lease renewal at 320 Industrial Drive in West Chicago.
Founded in 1963 and headquartered in Phoenix, Arizona, Leslie’s Poolmart, Inc. (Leslie’s) is the world’s largest retailer of swimming pool and spa supplies, services and repairs for both residential and commercial customers. Leslie’s currently markets its products in 940+ store locations throughout 35 states, a nationwide mail-order catalog, and an internet e-commerce site. The company employs approximately 4,500 associates across the country during the high-season.
NKF Executive Managing Director Jerry Jacobs of the firm’s Phoenix office represented Leslie’s Poolmart, Inc. nationally, while Senior Managing Director Adam Marshall, SIOR, and Director Mark Deady of the firm’s Chicago office advised locally.
“Leslie’s was looking to re-assess its strategy and create a more efficient space,” said Marshall. “We were able to work with the landlord, Colony NorthStar, Inc., on our client’s needs and in the end we were able to agree on a tenant improvement package to achieve Leslie’s initiatives. It’s a great fit for Leslie’s and we are pleased to have arranged this long-term renewal on their behalf.”
David Prell of CBRE represented Colony NorthStar, Inc. in the transaction.
About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
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